When Shawn Pang founded HashMatrix, he never imagined that it would become the agency behind popular AI products from tech giants Alibaba, ByteDance, and Insta360 and fast-growing startups like Rabbit R1, Pix AI, and Kling.

As it grew, it came up against the same problem repeatedly—one that it saw big tech and startups had yet to solve: payment. Across their clients, it was often an issue when expanding overseas. Vendors, talent, and contractors in emerging markets that they wanted to work with often requested—or could only receive—stablecoin because of the shortcomings in traditional systems.

So, HashMatrix developed an MVP payroll system to handle payments in the cryptocurrency. What started out as running on spreadsheets soon processed “nearly half a million dollars each month.”

It’s since evolved to a platform making stablec ...